Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of “Hold” by Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given a consensus recommendation of “Hold” by the twenty-three analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $90.3529.

Several brokerages have commented on BLDR. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research note on Friday, July 31st. UBS Group reduced their price objective on Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Finally, KeyCorp cut their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, July 13th.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds have recently made changes to their positions in BLDR. Caisse de depot et placement du Quebec acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at $53,590,000. Man Group plc acquired a new stake in Builders FirstSource in the 2nd quarter valued at $3,351,000. Councilmark Asset Management LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at $247,000. Miller Value Partners LLC purchased a new position in Builders FirstSource in the second quarter valued at about $1,710,000. Finally, Jupiter Topco LLC purchased a new position in Builders FirstSource in the second quarter valued at about $73,935,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.4%

Shares of NYSE BLDR opened at $72.52 on Tuesday. The stock has a market capitalization of $7.80 billion, a PE ratio of 79.69, a P/E/G ratio of 2.35 and a beta of 1.44. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average of $76.59 and a 200-day moving average of $86.21. Builders FirstSource has a 52-week low of $65.10 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the business posted $2.38 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, analysts anticipate that Builders FirstSource will post 3.15 EPS for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.